Core Standards of the Course
Strand 1
Planning Function -Students will determine the most effective course of action for setting an organization's goals and deciding how to achieve them.
Standard 1
Describe the importance of a mission statement, vision statement, goals (long-term) and objectives (short-term).
Standard 2
Identify and explain the business decision-making process:
Standard 3
Distinguish between strategic (long-term) and operational (short-term) planning.
Standard 4
Identify and explain how each planning tool is utilized in the business decision-making process:
Standard 5
Understand the importance and purpose of a business plan for managerial success and capital resource allocation.
Standard 6
Compare and contrast the process of planning an online business vs. a brick-and-mortar.
Performance Skills (Choose at least one)
Workplace Skills
Students will connect their knowledge with current workplace skills including:
Strand 2
Organizing Function -Students will determine how activities and resources are to be assembled and coordinated.
Standard 1
Identify characteristics, advantages, disadvantages, and examples of basic forms of ownership:
Standard 2
Identify types of organizational structures and how they are utilized within a business:
Standard 3
Differentiate between management structures (centralized and decentralized) and describe the advantages and disadvantages of each.
Workplace Skills
Students will connect their knowledge with current workplace skills including:
Strand 3
Leading Function -Students will identify and describe how to influence members of the organization to work together effectively.
Standard 1
Identify successful leaders in the current business industry.
Standard 2
Explore effective leadership qualities which include:
Standard 3
Identify, compare, and contrast different leadership styles:
Standard 4
Describe techniques managers use to motivate individual employees:
Workplace Skills
Students will connect their knowledge with current workplace skills including:
Strand 4
Controlling Function -Students will evaluate organizational activities and determine a plan of action.
Standard 1
Evaluate and determine alternative actions when goals are not being met (changing goals or changing strategies).
Standard 2
Identify the four steps used in the process of controlling operations within a business:
Standard 3
Identify the major factors in operations management:
Workplace Skill
Students will connect their knowledge with current workplace skills including:
Strand 5
Financial Information -Students will analyze and understand the importance of financial information in the business decision-making process.
Standard 1
Identify and define basic financial terms used in business:
Standard 2
Analyze basic financial statements used in business:
Standard 3
Analyze and interpret data that appears on financial statements used in making management decisions:
Standard 4
Identify and explore sources for securing financing to start and operate a business.
Performance Skills
Utilize an electronic spreadsheet to manipulate financial data. Ex. formulate an income statement, a balance sheet, or a cash flow statement.
Workplace Skills
Students will connect their knowledge with current workplace skills including:
Strand 6
Economics -Students will understand economic concepts that affect the business decision-making process.
Standard 1
Understand basic economic terms that affect businesses decision-making
Standard 2
Understand economic factors as they apply to international business:
Standard 3
Describe how the law of supply and demand affects price.
Standard 4
Identify, compare, and contrast various types of competition:
Workplace Skills
Students will connect their knowledge with current workplace skills including:
Strand 7
Marketing -Students will understand how marketing affects business decisions.
Standard 1
Identify and understand the four P's of the marketing mix:
Standard 2
Research markets to determine what the customer values:
Standard 3
Understand the use of pricing strategy:
Standard 4
Identify and understand distribution channels (place):
Standard 5
Recognize the different types of promotions in the promotional mix:
Workplace Skills
Students will connect their knowledge with current workplace skills including:
Strand 8
Human Resources -Students will describe human resource management and its importance to the successful operation of an organization.
Standard 1
Compare and contrast management theories:
Standard 2
Explain management responsibilities:
Standard 3
Understand compensation and benefits:
OR
Workplace Skills
Workplace Skills Students will connect their knowledge with current workplace skills including:
Strand 9
Ethics and Social Responsibility -Students will understand and identify ethics and social responsibility in business.
Standard 1
Understand the purpose of a business code of ethics/conduct.
Standard 2
Explain the overall nature of social responsibility:
Performance Skills
Research and debate a current business ethics case study.
Workplace Skills
Workplace Skills Students will connect their knowledge with current workplace skills including:
Strand 10
Legal Regulations -Students will understand legal aspects that regulate business.
Standard 1
Describe how labor legislations affects the workplace:
Standard 2
Identify and describe government agencies that regulate business:
Workplace Skills
Students will connect their knowledge with current workplace skills including: